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Asset Summary – Friday, 20 February US DOLLAR is experiencing upward pressure, influenced by positive US economic indicators and a hawkish stance from the Federal Reserve. Recent data reveals a decrease in jobless claims and an unexpected surge in the Philadelphia Fed business outlook, contributing to the dollar’s strength. Although there…
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Oil prices are exhibiting significant volatility and upward pressure, influenced by geopolitical tensions in the Middle East, particularly involving Iran, and supported by a substantial decrease in US crude inventories. Investors are closely monitoring the situation for potential supply disruptions. WTI crude oil is trading around $66 per barrel, a six-month…
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Gold is trading around $5,010, attempting to extend gains amidst geopolitical tensions and a hawkish Federal Reserve outlook. The metal is influenced by US-Iran relations, strong US economic data, and uncertainty surrounding Fed rate cuts. Investors are closely watching upcoming US GDP and PCE data for further direction. Gold edged higher…
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The Nikkei 225 Index experienced a decline, falling 1.12% to close at 56,826. This downturn occurred amidst escalating US-Iran tensions and ahead of crucial US economic data releases, leading to a dampened risk appetite among investors. Technology and banking sectors were particularly affected by the selloff. The Nikkei 225 Index fell…
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The DAX 40 saw slight gains, surpassing the 25,100 level as market participants closely analyzed global economic indicators, particularly PMI surveys, and the ongoing earnings reports. Geopolitical concerns, especially those surrounding Iran, continued to play a significant role in market sentiment. Individual stocks experienced varied performance, with some sectors showing strength…
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The FTSE 100 experienced a positive trading session, recovering from previous losses due to encouraging UK economic data. Retail sales surged, surpassing forecasts and suggesting increased consumer spending. A record budget surplus, driven by higher tax revenue and reduced debt interest, further boosted market sentiment and cyclical stocks. FTSE 100 traded…
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Market sentiment is negative as futures tracking US equity indices, including the Dow, declined on Friday. Economic data revealed a weaker-than-expected GDP growth rate and a surge in the PCE price index, increasing concerns about the economic outlook and potentially limiting the Federal Reserve’s ability to implement accommodative monetary policies. Specific…
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The Australian dollar is facing downward pressure, trading below $0.703 and on track for a weekly loss. This decline is driven by a strengthening US dollar and weaker-than-expected domestic PMI data, which indicates slower growth alongside persistent inflation. While a March rate hike in Australia is increasingly likely, supported by firmer…
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The Canadian dollar has weakened against the US dollar, retreating from recent highs. Domestic inflation has softened, and the terms of trade advantage for Canada have diminished. Oil price fluctuations and changing market expectations for interest rates are contributing to this downward pressure. Canadian dollar weakened toward 1.367 per US dollar.…
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The Japanese Yen is under pressure, falling against the US Dollar as inflation slows and concerns arise about Japan’s fiscal health. The Bank of Japan faces less pressure to raise interest rates, while the US Dollar remains strong due to receding expectations of aggressive Federal Reserve easing. Japanese Yen slipped past…
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The British Pound is under pressure against the US Dollar, hovering near one-month lows. While recent UK economic data has been surprisingly positive, including strong PMI figures, retail sales, and public sector net borrowing, a strengthening US Dollar driven by hawkish Federal Reserve signals is overshadowing these gains. Concerns about a…
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The euro is trading near one-month lows against the dollar, around $1.175, despite positive eurozone PMI data. The dollar is supported by hawkish Federal Reserve signals, resilient US economic figures, and geopolitical tensions. Market participants are closely watching PMI data from Germany and the Eurozone, and US GDP figures. Euro area…
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The US Dollar is exhibiting strength, approaching a four-week high. Positive US economic data and hawkish signals from the Federal Reserve are supporting the dollar. While some economic indicators present mixed signals, investors are keenly awaiting key economic data releases and further insights into the Fed’s policy outlook. The dollar index…
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Asset Summary – Thursday, 19 February US DOLLAR is currently experiencing upward pressure fueled by positive economic indicators and indications of a less dovish stance from the Federal Reserve. Recent data showcasing robust industrial production, strong core capital goods orders, and increased housing starts have bolstered the currency’s appeal. Simultaneously, the…
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Crude oil prices are experiencing upward pressure, driven by geopolitical tensions and fluctuating inventory data. Concerns over a potential US-Iran conflict are a significant factor, while recent inventory reports show a slight decrease after a substantial prior increase. The market is sensitive to developments in US-Iran relations and inventory levels. WTI…
